Send money to
Riyad Bank Account
Pay with
Estimated delivery time
Fast and secure
Why choose Riyad Bank?
In terms of assets, Riyad Bank is the fourth largest financial institution in Saudi Arabia. The company was established in 1957. In this firm, the Saudi government owns 51% of the shares. Saudi Arabia's monetary authority supervises Riyad Bank, as it does other Saudi commercial banks. Riyad Bank launched contactless payment wristbands using the Gemalto digital security solution in March 2018. As of December 2018, Riyad bank had entered preliminary merger talks with National Commercial Bank (NCB), Saudi Arabia's biggest lender by assets. Three weeks following the initial discussion, Riyad Bank hired Goldman Sachs to advise on the merger that would create the largest bank in the kingdom with $182 billion in assets.
Don’t just take our words for it
We have thousands of happy Remitbee users to back it up
Fatima
Remitbee simplifies international money transfers with competitive rates and excellent customer support. It's my go-to for hassle-free cross-border transactions.
Ahmed
Remitbee makes sending money abroad a breeze. Great rates, simple process, and reliable service.
Khadi
Remitbee simplifies international money transfers with competitive rates and excellent customer support. It's my go-to for hassle-free cross-border transactions. Highly recommended!
Easy with Remitbee
How to Send Money to Riyad Bank
Register for a Free Remitbee Account
Join Remitbee. You'll get a private Remitbee Wallet and a secure account in our system in just a few minutes.
Provide your personal information
Please provide your name, address, and profession along with your personal information. After you enter your email address and phone number, follow the instructions.
Enter Recipient's Information
Choose the method of receiving you prefer. For each recipient account, we need to know the name of the bank and the account number. Additionally, you can specify whether the recipient picks up the money or if it goes directly to their bank account.
Check the Exchange Rate
Let's look at the CAD to SAR rate. If the exchange rate for CAD to SAR is satisfactory, enter the amount you wish to send, select your payment method, and confirm your transfer. While conversion rates are adjusted daily, the fees for each payment method are fixed and permanent.
Track Your Transaction
You’re all done! Your money will be sent and you can track it on the Remitbee app. Follow its arrival in Saudi Arabia and see its status.
Be a hero
Helping heroes by providing services that are fit for heroes is what we do. Anyone sending money online to Saudi Arabia to support their family deserves the best service!
Send to all major banks in Saudi Arabia
What information you’ll need to complete the transfer
Wire Transfer to Bank account
Recipient's name: The name of the recipient should match what appears on the bank statement to prevent delays.- Recipient's address: We need the address of the recipient, including the city, province, and zip code
- Bank name: Make sure to put Riyad Bank as the bank name
- Account Number: You need to include the account number to ensure the payment gets to the recipient.
How Remitbee calculates the CAD to SAR Exchange Rate
To bring you the most competitive SAR exchange rates on the market, we keep our fees as low as possible. Using Remitbee Wallet will save you fees. If you choose to use bill, interact, or debit card payment methods, you will be charged a minimal fee. Remitbee's fees are transparent, and you can always check them before sending money to Saudi Arabia.
What are the benefits of sending
directly to Riyad Bank?
directly to Riyad Bank?
Safer
Stay safe and sound at home while you send money to your loved ones
Speed
You'll be able to do more in less time
Convenient Process
Sending money online is more secure than sending it offline
Quick access
Your receiver has easy access
How international money transfers work
SWIFT is the network used for international wire transfers. TransThe sender's bank sends the recipient's bank transfer instructions before the transfer is approved. Any fees are charged before the transfer. One of the banks will then calculate the exchange rate from CAD to SAR, and the money will be transferred between accounts.
Check our refer and earn program!
Discover the attractive referral program by RemitBee, presenting fantastic rewards! Earn a generous $20 reward for each successful referral and gift your friends a $10 reward upon their first transaction using your exclusive code. To qualify, your friend only needs to send a minimum of C$200 or exchange at least C$1,000. With abundant referral opportunities, embark on your earning journey with RemitBee today!
Best way to send money from Canada on the go
Created for our customers on the go, the Remitbee app has all the functionality you expect from the website compacted into your iPhone or Android device! Designed for speed, efficiency and safety, our app is the best way to use Remitbee.
Frequently Asked Questions
Can I send money to a Riyad Bank account using Remitbee?
Yes, you can!
How can I pay for my money transfer to Riyad Bank?
You can choose to pay using Interac e-Transfer, Interac Online, Bill payment, Electronic Funds Transfer or Visa or Mastercard Debit.
What delivery methods are available for Riyad Bank money transfers to Saudi Arabia?
Only direct bank account transfers are available for transfers to the Saudi Arabia
How much does Remitbee charge to send money to Riyad bank accounts?
Transfers over 500 Canadian dollars are free. We charge the following fees for transfers less than 500 CAD:
Interac Online - $2.99
E-transfer – Free
Bill Payment - Free
Electronic funds Transfer - Free
Visa or Mastercard Debit - $2.99+
What is the maximum amount you can transfer to a Riyad Bank account from Canada in SAR?
In SAR, the maximum amount of money you can send depends on its verification level. The levels are as follows:
Only 50 Canadian dollars can be sent daily or up to 500 Canadian dollars per month under Level 1 verification.
It is recommended that Level 2 Verification be performed. Your daily limit will be 3,000 CAD, and your monthly limit will be 25,000 CAD.
We also offer Verification Level 3 for users who need to transfer larger amounts of money. A maximum of 9,000 CAD can be sent daily, and 50,000 CAD can be sent monthly.
We are also working on Verification Level 4 in order to offer even higher sending limits to our customers. Please remember that the verification process is one-time only. After you have been verified, you do not need to provide any additional documents.